Ethereum

Bitcoin

<div class="dailyhodl">
 <p>A closely followed crypto analyst says that close to $1 billion worth of Bitcoin (BTC) has been pulled from crypto exchanges in recent weeks as deep-pocketed investors simultaneously stockpile Ethereum (ETH) and XRP.</p>
 <p>Crypto analyst Ali Martinez says on the social media platform X that market participants have been yanking large amounts of BTC from crypto exchanges in the last two weeks.</p>
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 <p><em>“Around 25,000 BTC have been withdrawn from known crypto exchange wallets in the last two weeks, worth nearly $1 billion!” </em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F_yhQhVXAAA3g-v?format=jpg&amp;name=large" alt="" width="1063" height="499">
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   Source: Ali Martinez/X
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 <p>Bitcoin is trading for $37,215 at time of writing, a 1.5% decrease during the last day.</p>
 <p>Martinez goes on to note that crypto whales have given more attention to Ethereum. According to the analyst, for the first time in nine months, high-net-worth traders have been accumulating ETH, signaling a possible upcoming rally.</p>
 <p><em>“For the first time in nine months, whales have been on a steady ETH accumulation spree for nine consecutive days. The increasing buying pressure could be a strong signal for ETH bullish price action.”</em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F_serbZXQAAEOdi?format=jpg&amp;name=large" alt="" width="1063" height="499">
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   Source: Ali Martinez/X
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 <p>Turning this attention toward XRP, Martinez says that crypto whales have purchased millions of dollars worth of the altcoin during the past week.</p>
 <p><em>“On-chain data shows that XRP whales have purchased around 11 million XRP over the past week, worth roughly $6.82 million!” </em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption alignnone"><img loading="lazy" decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F_ztC2ZXAAACS0f?format=jpg&amp;name=4096x4096" alt="" width="1063" height="499">
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   Source: Ali Martinez/X
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 <p>Ethereum is trading for $2,047 at time of writing while XRP is worth $0.612.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/about-1-000-000-000-in-bitcoin-yanked-from-exchanges-in-two-weeks-as-whales-accumulate-ethereum-and-xrp-trader-tbt71800.html">https://thebittimes.com/about-1-000-000-000-in-bitcoin-yanked-from-exchanges-in-two-weeks-as-whales-accumulate-ethereum-and-xrp-trader-tbt71800.html</a></p>

About $1,000,000,000 in Bitcoin Yanked From Exchanges in Two Weeks As Whales Accumulate Ethereum and XRP: Trader

TheBitTimes

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